Carl E. Lukach - 14 Mar 2023 Form 4 Insider Report for NOODLES & Co (NDLS)

Signature
/s/ Melissa Heidman, attorney in fact
Issuer symbol
NDLS
Transactions as of
14 Mar 2023
Net transactions value
-$14,598
Form type
4
Filing time
15 Mar 2023, 18:32:53 UTC
Previous filing
01 Dec 2022
Next filing
04 Feb 2026

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NDLS Class A Common Stock Award $0 +31,434 +64% $0.000000 80,535 14 Mar 2023 Direct F1
transaction NDLS Class A Common Stock Tax liability $14,598 -2,868 -3.6% $5.09 77,667 14 Mar 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of Restricted Stock Units ("RSU's").Each RSU represents a right to receive one share of Noodles & Company Class A common stock. The RSU's vest in four equal installments beginning on March 14, 2024.
F2 Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due upon vesting of Restricted Stock Units from grants in March of 2021 and 2022. The shares surrendered were valued based on the closing price of the common stock of the Issuer on the date of surrender.